BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 3,131 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,171 shares of the company’s stock after selling 3,131 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.07% of Norwegian Cruise Line worth $8,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in NCLH. Aviance Capital Management LLC purchased a new stake in Norwegian Cruise Line in the 2nd quarter valued at about $103,000. Toronto Dominion Bank raised its holdings in Norwegian Cruise Line by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after buying an additional 216 shares during the period. BB&T Investment Services Inc. purchased a new stake in Norwegian Cruise Line in the 2nd quarter valued at about $121,000. Pacer Advisors Inc. purchased a new stake in Norwegian Cruise Line in the 2nd quarter valued at about $197,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $202,000. 89.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) opened at $55.03 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. The stock has a market cap of $12,572.37, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09. Norwegian Cruise Line Holdings Ltd. has a one year low of $42.04 and a one year high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 earnings per share. sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current fiscal year.

In related news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

Several analysts recently issued reports on NCLH shares. Goldman Sachs Group restated a “neutral” rating and issued a $64.00 price objective (up from $60.00) on shares of Norwegian Cruise Line in a report on Tuesday, August 15th. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus restated a “buy” rating and issued a $69.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, October 12th. Argus started coverage on shares of Norwegian Cruise Line in a report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $63.07.

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Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NASDAQ:NCLH)

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